4949
ANNE ARUNDEL COUNTY

beginning on the first of the month coinciding with or
next following his sixtieth birthday, which will be
provided in the following manner:

(i) He will elect to leave his
participants contributions in the fund of the retirement
plan;

(ii) He will receive a vested ownership
in a percentage of the amount of his normal retirement
pension which has accrued to his date of termination.
This percentage of vesting will be based on his years of
service under the following schedule:

[Completed Years of Completed Years of Percentage of

Service (Elected or Service (Employees   Vesting in Normal
Appointed other than Elected Retirement
Officials)] or Appointed                     Pension

Officials)

[5]                                    10                                        75%

[6]                                    11                                        80%

[7]                                    12                                        85%

[8]                                    13                                        90%

[9]                                    14                                        95%

[10]                                  15                                      100%

(iii) The amount of pension will be
computed by multiplying one and two—thirds percent of his
average final earnings by his years of credited service
times either

Seventy—five percent for ten years of
service, [or five years of service if he is an elected or
appointed official;] or

Eighty percent for eleven years of
service, for six years of service if he is an elected or
appointed official;] or

Eighty—five percent for twelve years of
service, [or seven years of service if he is an elected
or appointed official;] or

Ninety percent for thirteen years of
service; [or seven years of service if he is an elected
or appointed official;] or

Ninety—five percent for fourteen years
of service, [or nine years of service if he is an elected
or appointed official;] or

One hundred percent for fifteen or more
years of service [, or ten or more years of service, if